Gold IRA Buyer’s Guide

IRA’s come in all different types, ranging from traditional, Roth, Simplified Employee Pension (SEP), SIMPLE and self-directed.

In both traditional and Roth IRA’s, the individual creates and controls the account. Banks and financial companies then act as the “custodian”, where the accounts are held. One of the biggest advantages for a traditional IRA is deferred tax on contributions and earnings (no taxes until you begin withdrawing at retirement). On the contrary, a Roth IRA offers tax free contribution and earnings during qualified withdrawals (no taxes when you withdrawal at the qualified age).